GBP Trading Outlook (11-08-2015)
GBPUSD
Pivot: 1.551
Likely Scenario: Long positions above 1.551 with targets @ 1.5605 & 1.5635 in extension.
Alternative scenario: Below 1.551 look for further downside with 1.5455 & 1.542 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Back to GBP Trading Outlook Archive